US billionaire Warren Buffet optimistic on stocks

US billionaire Warren Buffet said the US economy is moving in the right direction and praised the policies of both president George W. Bush and Barack Obama as “the right things,” in an interview that aired late on Sunday.

US stocks soared to new closing records Friday after a strong US jobs report, which had unemployment fall to 7.5 per cent, revived confidence in the economic recovery.

The 82-year-old investor, who is known as the “Sage of Omaha,” said he was optimistic stock prices would continue to rise.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1231272/us-billionaire-warren-buffet-optimistic-stocks